Egypt and global economy brief
Foreigners sell $397 million of Egyptian government debt instruments
✦Key takeaways
- Foreign investors sold about $397 million of Egyptian government debt instruments by the end of Monday’s session.
- The move coincided with rising geopolitical tensions in the region and higher insurance costs for Egypt’s sovereign debt.
- The previous week saw a gradual return of foreign investment inflows, with net purchases reaching 64.
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